Great Falls tribune. [volume] (Great Falls, Mont.) 1885-1890, 1887-01-29
DIED A BORNIN.'
The Great Falls No. 2 Scheme Dies
Amid the Groans and Lanenta-
tions of a Score of Dupes.


Just about one year ago this office re-
ceived from friend in New York City,
copy of the prospectus OF concern styl-
ing themselves the Great Falls improve
ment Company, capital of s1,00o,ooo. The
prospectus was one glowing picture OF
wealth untold in the near future, and was
we'll calculated to deceive the unwary, but
TO those acquainted with all the facts and
extravagant claims of the company, 1t was
but glaring tale of incongruous impos-
sibilities, piled one on top Of the other to
an unmeasurable height At that time
the TRIBUNE warned the public of the
trap and prophesied its early dissolution,
which fortunately has proved true, and
there are but comparatively few sufferers
The operations Of the embryo corpora
ton, according to the prospectus, were to
be directed to the development of the wa
fer power of the Great or Lower falls, and
to the building up OF great manufactur-
ing center, which was confidently expected
to triple gold plate the pockets OF every
owner of share of stock in the concern.
So nicely edited was the pamphlet, and
SO plausible the arguments, that visions OF
VanderbiltIan wealth would crowd about
the vision of the unsophisticated in par
alyzing numbers, and it is wonder that
the mourners are so few in number,
The whole foundation OF the scheme
was the acquiring of 40 acre tract of land
near the great, but inaccessible and for all
time unavailable water power of the
Lower falls, and now the parties who put
their money in the hands Of Aaron Chand-
Ter, of Fargo, the father of this gigantic
but wholly impracticable project, have
brought suit to recover this money, and
have filed their complaint in the district
court of this county. The title of the case
being as follows:
Geo. N. Kneisly, NJ. c. Kneisly, Jos. 0
Gregg and Chas. A. Roberts vs. Aaror
Chandler, as trustee, Aaron Chandler, in
dividually, E. P. Capen, F. j. kissner, W
f. Eustich, ]. E. Elsass, ]. S. Bour, Mary
Elsass. Smith Rai1sback. Daniel Moss, Z
M. Palmer,H. L. Bridgman,J. W. Thomp
son, ]. A. Murray, Fl. S. jenkins, Chris
tina Gullikson and c. P. Chandler.
The complaint sets forth that on the 2
of Aug. 1888, in the city of Fargo, D. L.
the following named individuals, towi'
Aaron Chandler, j. 0. GREGG, Geo. n
Kneisly, E. P. Capen, T. j. kissner, W
F. Eustich, J. C. Elsass, Joe A. Bour, Mar
Flsass. Smith Railsback and Daniel Mos
formed co-partnership for the purpose
of purchasing certain quantity Of LAM
(4O acres) at the great falls of the Missouri
river in Montana. 1t was agreed that tn
land should be acquired by Chandler, a
trustee, which he did by laying Valentin
script on the same.
The members of the association place
in the hands of Chandler $4,000 whic
was to be used in furthering improvement
on the land in question, and for which b
was to render full account. This he di
in manner, and in his statement shove
that the company was indebted to hir
over $4,000 for money advanced. Thi
was the staw which broke the camel
vertebra, hence the suit The plaintiff
ask for judgment for $4,000, and ths
Chandler be enjoined from disposing {
the 40 acre lot, for which they paid S12
900, and the actual worth of which
about 'steen cents.
A Narrow Escape.